What makes a super PAC super?
Traditional political action committees are bound by a $5,000 annual limit on the size of contributions they can accept from individuals and are prohibited from accepting contributions from corporations and labor unions. A super PAC is freed from these restrictions under two conditions: The PAC must neither 1) give money directly to a candidate or other political committees that give directly to candidates, nor 2) coordinate how it spends its money with a federal candidate. As long as those two conditions are met, a super PAC may accept donations directly from corporate or ...
While the polls have constantly fluctuated in the last week before Tuesday's GOP presidential primary in Florida, one number has seen a steady rise: the campaign money being pumped into the Sunshine State. Helping to boost the total: The two super PACs supporting frontrunners Mitt Romney and Newt Gingrich have spent more than $15 million in the state. That number makes 38 percent of all presidential super PAC spending that Sunlight is tracking.
About 66 percent of all super PAC spending in the races thus far has come from just two of super PACs, the pro-Romney Restore Our Future ...
Billionaire casino mogul Sheldon Adelson and his wife, Miriam, who have reportedly given a combined $10 million to Winning Our Future, the super PAC that supports and is run by former staffers of Republican presidential candidate Newt Gingrich, were drawn to him by a shared view of the importance of the U.S. relationship to Israel.
But a review of public records by Sunlight suggests that the couple, who appears to be the former House speaker's most generous political patrons pending the filing of Winning Our Future's first complete financial disclosures later this month with the Federal Election ...Continue reading
Bill Clinton famously tried to claim he hadn’t lied about his relationship Monica Lewinsky by saying, “It depends on what... View ArticleContinue reading
It's hard to believe given this year's headlines, but not all of the political action committees making an impact on this year's campaign are super PACs.
While most of the attention has focused on the entities that can accept and spend unlimited money, the Campaign to Defeat Barack Obama, a traditional political action committee that's abiding by federal limits on contributions and spending, got plenty of attention when it launched an ad blitz before the Jan. 3 Iowa caucuses that accused GOP presidential contender Mitt Romney of being a covert liberal.
Ryan Gill, the Campaign to ...Continue reading
As the Republican presidential race turns south, the key players to watch appear to be not the candidates emerging from Tuesday's New Hampshire primary but the super PACs who are supporting or opposing them.
In South Carolina, where the next votes will be cast in a Jan. 21 primary, local political observers and television executives tell Sunlight that the new political entities—most of which have yet to disclose any sources of their funding—are dominating the airwaves, far outspending the candidates. In Florida, which holds its primary on Jan. 31, a super PAC backing New Hampshire winner Mitt ...Continue reading
Even before it formally registered with the Federal Election Commission in mid-December, Winning Our Future, the leading super PAC backing Newt Gingrich, raised more than $2 million, according to founder and president Becky Burkett. That includes “a few” donations above the $100,000 mark, she said.
The haul is far less than that of the super PACs backing Mitt Romney and Rick Perry, and even below what's been spent so far by a pro-Jon Huntsman super PAC. But the money was amassed in a much shorter time. Burkett’s past fundraising success with a now-defunct nonprofit led by Gingrich ...Continue reading
Another leading presidential super PAC signaled Thursday that it plans to keep its donors' identities under wraps until Jan. 31, meaning voters in four crucial early contests will go to the polls without knowing who is behind two well-funded efforts to influence their decisions.
Winning Our Future, an outside group backing Newt Gingrich, notified the Federal Election Commission that it is changing its filing status to push back a deadline for making donations public by four weeks, copying a move made earlier this month by Restore Our Future, a group backing Mitt Romney, one of Gingrich's chief rivals for ...Continue reading
Here’s a riddle: What do you call it when someone earns millions of dollars from corporate clients, uses his relationships... View ArticleContinue reading
Tuesday, Oct. 11, will mark the 9th Republican presidential debate, two weeks after a string of debates in Florida, California and South Carolina. Sponsored by Bloomberg News and the Washington Post, this next matchup of Republican rivals will take place at Dartmouth University in New Hampshire. The Sunlight Live team will once again provide a live video feed, as well as real-time analysis, fact checking and context to help keep viewers informed.
The organizers say this debate will specifically address fears about the economy, jobs and a possible double-dip global recession.
Since the last debate, held Sept. 22 in Florida ...Continue reading